To address concerns raised by manufacturers and other stakeholders regarding recent tax changes, President Bola Tinubu has signed 4 executive orders:

Below are the orders:

1 - The Finance Act Order, 2023, which defers the

Below are the orders: commencement date of the changes contained in the Act from May 23, 2023, to September 1, 2023.

2 - Customs Excise Tariff Amendment Order, 2023, shifts the commencement date of tax changes from March 27, 2023, to August 1, 2023.

3 - Suspension of the 5% Excise Tax on telecommunication services and excise duty on locally produced produts.

4 - Suspension of the newly introduced Green Tax on Single Use Plastics and the Import Tax Adjustment levy on certain vehicles.